A new update on the state of the real estate market in Palm Springs and the Coachella Valley appeared in a Desert Sun article on October 3, 2007, entitled “Home sales tumble, but median price up”. The article reported on the latest sales and their selling prices in the valley for August, 2007. The article quotes two sets of data -- one report is … [Read more...]
Ben Stein Says – Wait a Minute…Lets Put Things into Perspective
With all of the screaming headlines about a real estate bubble, falling home prices, and the plethora of reports on foreclosures, it was refreshing to read an article that attempts to provide a measure of balance to these topics. Ben Stein’s article in the New York Times, September 9, 2007, It’s Time To Take A Deep Breath offers a fresh … [Read more...]
Where Have all the Buyers Gone, When It’s a Great Time to Buy?
This is an update to the July 2, 2007 Reflections article entitled “Market Changes Might Be on the Way." Well, as predicted, positive market changes have occurred and are still in process. Across the valley, value has slowly been creeping back into the market. Yes, there is still a lot of over priced junk out there, but if you search hard enough, … [Read more...]
Zillow and Others Help You Research the Value of Your Home
Interested in the value of your home? Here are some options to research it yourself. In the past year or so, a number of Web sites have sprung up which provide a free service to consumers interested in knowing the value of a specific piece of property. Web sites such as www.Zillow.com, www.RealEstate.com, www.Reply.com, and www.RealEstateABC.com … [Read more...]
“Resale Home Prices Up 11%” – Are Prices Really Going Up?
A recent article on April 28, 2007 in the local newspaper, The Desert Sun, headlined, “Resale home prices up 11 %,” has provoked a short comment here in Reflections. Generally, I think most pundits agree that this is a great time to be BUYING property in the valley. The inventory of available properties has never been higher. Even Sellers can … [Read more...]
On Foreclosures
– “Could you find me a really good house in foreclosure, I mean a nice house, priced below market?” From time to time, I get this question, and the answer is, “Probably not”. What prompts such a question? If you pick up a newspaper or business magazine, it’s hard to avoid seeing something about the increase in foreclosures being reported … [Read more...]
